206w ago - Today the next wave of PS3 dongles has started, enter the Cobra USB from Max Louarn of Divineo / Supreme Factory, which features the ability to run Blu-ray, DVD and PS1 game iSOs and PSP Mini games from the PlayStation 3 hard drive.

The PS3 USB device is slated for release on April 11 and currently requires v3.41 PS3 Firmware, however, it can downgrade from PlayStation 3 Firmware v3.50 with the related PDF guides and files available HERE.

From their official site linked above, to quote:

Cobra USB - The Ultimate PS3 USB solution features:

• ** Blu Ray Movie region free functionality
• ** Allows you to play Blu Ray movie ISO's from HDD
• ** Allows you to play DVD movie ISO's from HDD
• ** Integrated support to play PS1 game ISO's from HDD
• ** Integrated support to play PSP mini games from HDD
• ** Enjoy PS3 games with files >4GB on external USB HDD

• Supports FAT and SLIM PS3 consoles any region
• Supports versions up to 3.50 (console must be running 3.41)
• Play PS3 games from internal HDD
• MCU firmware and flash firmware updatable using easy to use free PC updater
• First class customer support and free regular firmware upgrades
• No need to open your console, just plug and play
• High quality components and materials used throughout
• Unique and built from scratch Cobra USB manager featuring slick U.I. and customized options with easy navigation
• Actel based encryption engine onboard to prevent device cloning
• Fast onboard 2 Mbyte SPI flash for firmware storage
• High quality onboard MCU
• Easy mode selection via switch (PC update, PS3 downgrader, regular PS3 device mode)
• Downgrader functionality included free of charge, allowing users to upgrade firmware to and from 3.41 at will
• Multi lingual user interface (English, Spanish and French as standard with more languages to be supported later)